Since our retail business is growing, we decided to buy payroll system software. Using it, it is now easier to track down the salaries of each of our employees in our company.
Common Problems in Payroll
When we first started, we experienced little to no problems in handing out the salaries since we only have a few employees. I wouldn’t mind taking care of the payroll since it is just a simple task for me. However, it became a problem when we expanded our office. We have more workers than before so it became difficult to manage their salaries. Sometimes, I need at least half a day to finish it because I want to make sure that there are no errors. It would be troublesome if there is something wrong with the deductions and bonuses because I would have to do it all over again. It takes so much time that I have to hold off a few important tasks. Even though I hired someone to do it, our payroll system is still inefficient.
I consulted some of our friends (who are also entrepreneurs) about this problem and most of them recommended me to invest in HR software solutions like a payroll system software application. I learned from them that it is going to be easier to come up with detailed and accurate payslips if we have one. Now, the problem is to look for a vendor who would provide this kind of software. Fortunately, our friends knew a reliable vendor in the Philippines. They have tried their HR solutions already and they found it really helpful so we thought we should also give it a try.
User-Centric Features
Since we are new into this, we thought it was going to be so difficult to use it. We were kind of worried that it would take us more hours to do the calculations and arrange all the information. I was surprised that it just took us a few weeks for us to get used to it. I guess it’s because its features are designed to make it easier for someone to use. Just like how there are templates available to create an organised and detailed payslip. Plus, the system will automatically deduct all the government-mandated benefits on their salaries. The process becomes a whole lot easier and simpler thanks to this payroll software in the Philippines.
No More Delayed Payments
Since we now have a lot of people working for our retail business, our accountant sometimes forgot to process some of their salaries. We have been receiving a lot of complaints from our workers about this, and some of them even had to quit their jobs because the same problem has occurred numerous times already. They do not want to receive another late salary again because they need it to pay for their monthly bills. Although we did apologize for the inconvenience that we have caused, we can’t convince them anymore to stay and work for our company. Fortunately, we later discovered this payroll system software. It’s amazing how its system is programmed to be automatically updated according to the latest government-mandated laws. This means that if ever there are changes in the legal labour laws, it will be reflected in the payroll system.
Often, the taxes are the issues here because it is so confusing to compute. We do not want to get caught up with some legal issues so it is important for us to get it right. It was a good thing that the software does all the work for us so we can hand out their right salaries on time. No more delayed payments because of this!
No Third-Parties Involved
It is much safer to use this software than manually handing it out to our employees because the money doesn’t have to go through a third-party. No matter how trustworthy a person is, you can never be sure that they will properly distribute the payments. Before, I experienced that some of our employees have received less than what they are supposed to have. It turns out that the person that I asked to deposit the money had taken a portion of it and they suddenly disappeared. At least now, I have a payroll system that I can use to transfer the money directly to our preferred bank. I am so thankful for those friends who recommended me to use it. Because of it, I can rest assured that our company’s money is safe.
